Adir Cohen Acquires Industrial Property In East Flatbush For $6.55M

Located in East Flatbush, the industrial property at 1140 Utica Ave, 1144 Utica Ave, and 4909 Clarendon Rd has recently been involved in a closed transaction. The property spans 30,000 square feet and was sold for a sale price of $6,550,000. The asking price for the property was $8,000,000, resulting in a price per square foot of $218. The seller of the property was Lawrence Gleckel, and the buyer was Adir Cohen.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $6,550,000
• Square Footage: 30,000
• Price per Square Foot: $218
• Address: 1140 Utica Ave, 1144 Utica Ave, and 4909 Clarendon Rd
• Market: East Flatbush

In this deal, Adir Cohen represented themselves as the buyer of the industrial property. Lawrence Gleckel served as the seller. NYC Pumps / Federal Pump, a former tenant, had occupied the property for more than 90 years.